Chesapeake Energy Corp. (CHK) Stock Price Up 5.9%

Chesapeake Energy Corp. (NYSE:CHK)’s share price rose 5.9% on Friday . The stock traded as high as $6.66 and last traded at $6.62, with a volume of 32,456,796 shares changing hands. The stock had previously closed at $6.25.

CHK has been the subject of several analyst reports. Tudor Pickering raised shares of Chesapeake Energy Corp. from a “hold” rating to a “buy” rating in a research note on Thursday, July 21st. Johnson Rice raised shares of Chesapeake Energy Corp. from a “hold” rating to an “accumulate” rating in a research note on Tuesday, July 26th. Piper Jaffray Cos. raised shares of Chesapeake Energy Corp. from an “underweight” rating to a “neutral” rating and set a $4.50 target price for the company in a research note on Tuesday, July 12th. Vetr cut shares of Chesapeake Energy Corp. from a “strong-buy” rating to a “buy” rating and set a $7.06 target price for the company. in a research note on Monday. Finally, Zacks Investment Research raised shares of Chesapeake Energy Corp. from a “hold” rating to a “buy” rating and set a $6.00 target price for the company in a research note on Wednesday, July 27th. Five equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and seven have assigned a buy rating to the company. Chesapeake Energy Corp. has a consensus rating of “Hold” and an average price target of $6.44.

The company’s market cap is $5.06 billion. The company’s 50 day moving average is $5.44 and its 200 day moving average is $4.69.

Chesapeake Energy Corp. (NYSE:CHK) last issued its earnings results on Thursday, August 4th. The oil and gas exploration company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.11) by $0.03. During the same period in the prior year, the company posted ($0.11) EPS. The business earned $1.62 billion during the quarter, compared to analyst estimates of $1.91 billion. The firm’s revenue for the quarter was down 53.9% compared to the same quarter last year. On average, equities analysts predict that Chesapeake Energy Corp. will post ($0.21) EPS for the current fiscal year.

In other Chesapeake Energy Corp. news, Director Archie W. Dunham purchased 350,000 shares of the company’s stock in a transaction dated Monday, August 22nd. The stock was purchased at an average price of $6.07 per share, for a total transaction of $2,124,500.00. Following the transaction, the director now owns 3,127,951 shares in the company, valued at approximately $18,986,662.57. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Thomas L. Ryan purchased 50,000 shares of the company’s stock in a transaction dated Wednesday, August 17th. The shares were acquired at an average price of $5.59 per share, with a total value of $279,500.00. Following the transaction, the director now owns 246,269 shares in the company, valued at approximately $1,376,643.71. The disclosure for this purchase can be found here.

Chesapeake Energy Corporation (Chesapeake) is a producer of natural gas, oil and natural gas liquids (NGL) in the United States. The Company operates in two segments: Exploration and Production, and Marketing, Gathering and Compression. The exploration and production segment is responsible for finding and producing oil, natural gas and NGL.